Launching alternative data insights Synaptic raises $ 20 million from Valor

Synaptic, a leading startup of alternative data insights, said it has raised $ 20 million in Series B funding round led by Valor Equity Partners. Synaptic combines machine learning, and finance to bring refined alternative data insights to decision makers.

With the funding, Synaptic will continue to invest in product innovations, double its data science capabilities, collaborate with data providers, and expand its go-to-market teams into major global financial hubs.

“We will continue to expand and strengthen access to our solutions for decision makers and alternative data providers,” said Rohit Razdan, co-founder, of Synaptic. “Research and data are more than $ 100 billion industry that just started using alternative data. We want to be the partner of choice for any organization that wants to use alternative data sets.

Synaptic is used worldwide by leading venture capital and private equity firms, Hedge Funds, and Asset Managers worldwide with combined assets of several hundred billion dollars. Synaptic provides a data and insight platform to investors looking to leverage various alternative datasets in sourcing and tracking companies of interest, market research, and portfolio monitoring.

“The amount of data generated by the world is growing exponentially each year and can be valuable in providing accurate, detailed insights across all types of markets. However, the data is raw, unstructured and constantly changing, making it difficult for companies to track it. to use any meaningful way, “said Anurag Abbott, co-founder, Synaptic. “We are a leader in analyzing billions of data points every day to provide reliable insights to investors and companies so that they can make better decisions. With the Series B funding, we will massively expand our reach and our opportunities to more markets and geographies bring.

The Synaptic platform brings together well over 100 performance metrics such as web and mobile traffic, SEO data, employee data, product reviews, developer activity, search trends, etc., on hundreds of thousands of public and private companies worldwide. These are layers with machine-learning-driven analytics and an automated insight engine. This allows investors to gain personalized insight into their data that would not otherwise be discovered.

“Valor has a long history of using alternative data to improve decision making,” said Antonio Gracias, the founder, CEO and chief investment officer of Valor. “As the world becomes more chaotic, the importance of alternative data only grows. We are excited to support the Synaptic team as they improve the accessibility and usability of alternative data.

Synaptic was incubated as the data and analytics team at Vy Capital, a $ 6 billion AuM global technology investment firm. Born out of the Vy team’s frustration with existing tools and processes, Synaptic was spun off as an independent company in 2016. Earlier, the company raised $ 6 million in seed and Series A financing from Ribbit Capital, Felicis Ventures and Vy Capital Management.

Dear reader,

Business Standard has always strived to provide up-to-date information and commentary on developments that interest you and have broader political and economic implications for the country and the world. Your encouragement and constant feedback on how you can improve our offering have only made our decisions and commitment to these ideals stronger. Even in these difficult times coming out of Covid-19, we continue to strive to keep you up to date and up to date with credible news, authoritative opinions and sharp comments on current affairs of relevance.
However, we have a request.

While we are fighting the economic consequences of the pandemic, we need your support even more so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, honest and trustworthy journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard,

Digital editor

Notice: ob_end_flush(): failed to send buffer of zlib output compression (0) in /home/rvpgmedi/public_html/wp-includes/functions.php on line 5275